RedT Energy PLC (LON:RED) has been selected as a preferred supplier of energy storage solutions to the UK public sector.
The company has been awarded a place on Essentia’s Battery Storage Framework. Essentia is a wholly owned subsidiary of Guy’s and St Thomas’ NHS Foundation Trust.
The selection process was competitive. RedT will be the preferred supplier for several UK public sector projects after being successfully awarded the contract. These include the NHS, and has the scope to extend to the Central Government Estate, Local Authorities, Schools and Universities.
The NHS is considered one of the UK’s most energy intensive projects, spending in excess of £750 million on energy annually. RedT will work through the framework to provide energy and cost savings to public sector bodies such as the NHS.
CEO of redT, Scott McGregor, commented: “We’re very pleased to have been selected as a framework supplier for the public sector in the UK.”
“To be chosen is an important validation of our technology and business models to unlock cheaper energy costs and reaffirms our position as a leader within the energy storage sector. We look forward to working closely with the NHS and other public sector companies to reduce their energy costs and accelerate their clean energy targets in the future”
RedT Energy PLC shares were up by 13.75% at 12:00 BST today.
